Premier Upstream Oil
An Upstream Oil and Natural Gas Company
Our client has a diversified high-quality portfolio of both U.S. unconventional and global offshore conventional assets spanning multiple continents. Founded more than 50 years ago, the company is committed to safely and responsibly delivering energy solutions and improving people’s lives.
Standardizing Procurement Processes for Organizational Alignment and Cost Savings
A formal procurement organization did not exist, resulting in a lack of standardized processes, procedures, and controls, all during a time when supply chain volume and spend was increasing.
New Platform for Improvements
We worked with our client’s executives to put a new organizational structure and operating model in place. We identified process and system deficiencies, and documented a prioritized list of improvement opportunities and supporting action plans.
Key insights were used to help develop a winning proposition and strategic priorities. The newly implemented procurement function helped our client better meet the needs of field operations and drive increases in production.
Results
Well-Oiled Procurement Processes
The newly implemented procurement function helped our client better meet the needs of field operations and drive increases in production. Through the standardization of procurement processes, compression of lead times, and minimization of unplanned downtime, supply chain costs were also reduced.
